volvos60 Posted October 7, 2008 Share Posted October 7, 2008 (edited) So The Irish, Danes & Greeks have unlimited guarantees on savings. The Germans probably do but our leaders are trying to suggest the guarantee is not quite what it seems - I suspect that it is a proper private savings guarantee but Brown is trying to muddy the waters to create doubt. Yesterday, Darling did not take the opportunity to offer an unlimited guarantee to UK savers. Over the next few days we will see the leaking overseas of money from UK banks. Do the forum think Brown/Darling will bite the bullet & make the unlimited offer to UK depositors or continue to hide behind vague meaningless words like 'we will do everyhing necessary blah blah blah'. There is I believe an urgent need to be unequivocal - do you informed people think the UK will get a guarantee in the next few days? Edited October 7, 2008 by volvos60 Quote Link to comment Share on other sites More sharing options...
lets get it right Posted October 7, 2008 Share Posted October 7, 2008 What does it matter what anyone on here thinks about it? Will it affect your actions? If you want your money to be safe - take it out of the bank and bury it in the garden. Quote Link to comment Share on other sites More sharing options...
volvos60 Posted October 7, 2008 Author Share Posted October 7, 2008 Without the guarantee more banks in the UK will fail due to depositor withdrawals, that's why it matters Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 7, 2008 Share Posted October 7, 2008 Ponzi Brown will make the guarantee but the guarantee will be worthless because the govt hasn't got the money to pay for it. The banks are bankrupt. Quote Link to comment Share on other sites More sharing options...
ken_ichikawa Posted October 7, 2008 Share Posted October 7, 2008 Yes there will be a worthless guarentee of savers money, the 35K guarentee is worthless as there isn't enough money to fund it even with the government funding it from taxes or printing (100% increase in money supply over 4 months anybody?)... Hence they are replacing one worthless guarentee with another worthless guarentee, sort of like a double glazing place which liquidates each year giving a 10 year guarentee on its products. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 7, 2008 Share Posted October 7, 2008 I should also add the UK govt is bankrupt too. Quote Link to comment Share on other sites More sharing options...
ken_ichikawa Posted October 7, 2008 Share Posted October 7, 2008 I should also add the UK govt is bankrupt too. morally yes but money wise no? , they'll just build a printing facility at Longbridge which will print a trillion pounds a minute that should sort out our problems /sarc Quote Link to comment Share on other sites More sharing options...
Wait & See Posted October 7, 2008 Share Posted October 7, 2008 ROYAL BK SCOTL GR 127.50 -58.70 -31.53% Somethings going to have to be done about this today IMO. Quote Link to comment Share on other sites More sharing options...
Laura Posted October 7, 2008 Share Posted October 7, 2008 There is I believe an urgent need to be unequivocal - do you informed people think the UK will get a guarantee in the next few days? Lord, how many more times do you need to be told?!! You have more than a guarantee on your precious savings! Quote:- " We will do whatever is necessary........................" No other great leader has given such reassurance. Isn't it good to be British? Quote Link to comment Share on other sites More sharing options...
DrGUID Posted October 7, 2008 Share Posted October 7, 2008 No! How can there be? We can't afford it! Quote Link to comment Share on other sites More sharing options...
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